NXG NextGen Infrastructure Income Fund (NYSE:NXG) Short Interest Up 134.1% in March

NXG NextGen Infrastructure Income Fund (NYSE:NXG) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 65,300 shares, a growth of 134.1% from the February 28th total of 27,900 shares. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Valeo Financial Advisors LLC boosted its holdings in shares of NXG NextGen Infrastructure Income Fund by 39.8% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,842 shares of the company’s stock valued at $451,000 after buying an additional 2,801 shares during the last quarter. Private Advisor Group LLC lifted its stake in NXG NextGen Infrastructure Income Fund by 65.3% in the fourth quarter. Private Advisor Group LLC now owns 13,017 shares of the company’s stock valued at $596,000 after acquiring an additional 5,142 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of NXG NextGen Infrastructure Income Fund by 148.7% in the 4th quarter. Guggenheim Capital LLC now owns 21,649 shares of the company’s stock valued at $991,000 after acquiring an additional 12,943 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of NXG NextGen Infrastructure Income Fund by 157.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 25,090 shares of the company’s stock worth $1,149,000 after purchasing an additional 15,340 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of NXG NextGen Infrastructure Income Fund by 57.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 25,230 shares of the company’s stock valued at $1,155,000 after purchasing an additional 9,158 shares during the period.

NXG NextGen Infrastructure Income Fund Stock Performance

NXG NextGen Infrastructure Income Fund stock opened at $47.23 on Friday. The firm has a 50-day moving average of $48.24 and a 200-day moving average of $46.35. NXG NextGen Infrastructure Income Fund has a one year low of $34.83 and a one year high of $53.84.

NXG NextGen Infrastructure Income Fund Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Wednesday, February 19th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a yield of 13.02%. NXG NextGen Infrastructure Income Fund’s dividend payout ratio (DPR) is presently -2,700.00%.

NXG NextGen Infrastructure Income Fund Company Profile

NXG NextGen Infrastructure Income Fund is a closed ended equity mutual fund launched and managed by Cushing MLP Asset Management, LP. The fund invests in stocks of companies across the energy supply chain spectrum, including upstream, midstream and downstream energy companies, as well as oil and gas services and logistics companies, energy-intensive chemical, metal and industrial and manufacturing companies and engineering and construction companies.